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JUST IN: Binance to distribute $300 million to users who were liquidated during last week's market crash.
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$BTC Bitcoin soars to $106,000 as multiple positive factors ignite the market Bitcoin broke through the $106,000 mark strongly this morning, reaching a high of $106,006, with an increase of 0.19% in just 5 minutes. This rebound is not a coincidence; behind it is news that the U.S. government shutdown is about to end, coupled with a large-scale liquidation of short positions in the past 24 hours, which has significantly eased the selling pressure. Institutional funds are reshaping their strategies, especially with the CFTC pushing for spot leverage trading, prompting many large investors to reassess their allocations. Everyone is now watching if it can stabilize around $105,000; if it can hold, the next target is $107,000. $BTC BTC 105,864.59 +3.87%
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#ShareYourTrades $GIGGLE Bearish
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$MMT BTC
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#ShareYourTrades $ZEC bullish If you use 50,000 USD to go long at $30 on $ZEC , and it rises to $300, you make 450,000 USD. But if you use the same 50,000 USD to short it at $300 and it falls to $30, you only make 45,000 USD. This is why I always say: going long and short is not a symmetrical game. The upside of going long is infinite, while the downside of going short is 100%. ZEC from 30 to 300 is a 10x increase, while from 300 to 30 is only a 90% drop. This mathematical common sense is something many people truly do not understand. Thus, smart money always buys low and not shorts high. The ceiling for returns in bear markets is far higher than shorting at the top of bull markets. The biggest trap the market sets for retail investors is: making you feel safe shorting at high levels and feeling dangerous buying at low levels. But in reality, it is the opposite; the risk of shorting at high levels is infinite, while going long at low levels is the real asymmetric return. This also explains why Buffett said "Time is the friend of great companies": because great assets have only one direction in the long term. I took a look at this integration message from Plasma; it seems to be another project focused on the USDT payment network. From a technical perspective, global USDT payments are indeed a necessity. Especially in the area of cross-border payments, traditional banking systems are inefficient and costly. However, there are too many projects currently focused on payments, from Lightning Network to various Layer 2 solutions, creating intense competition. The key is whether they can truly solve user pain points, rather than just being another conceptual hype. Nansen's data monitoring is actually a good plus point, at least it allows everyone to see the real usage on-chain. After all, too many projects now look good on paper, but their actual usage is dismal. Let's wait and see if this Plasma can break through in the payment race. @Plasma $XPL #Plasma
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#WriteToEarnUpgrade bullish
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